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about the professional caucus. that group wants the following raise income tax rate for billionaires to 49%. to eliminate many tax deductions for high wage earners in america. to tax investment income at the same rate as wages. that means if you make money on a stock and you are a rich person, you pay half your profits to the government. there is a bunch of other stuff the cpc wants including massive amount of new spending. many folks including me think this would absolutely destroy the american economy. with me is david callahan from a liberal think tank. let's take the rate for billionaires. and then they want 45% for millionaires, right? number one, i don't quite understand. i guess billionaires and millionaires would have to hand over their personal portfolio information to the irs? that would have to happen, right? >> the idea here, bill, is that donald trump and his dermatologists shouldn't be paying the same tax rate. right now, after 39 percent, everybody who makes more than $400,000 a year pays the same rate. so, it doesn't make sense that a dermatologist making $425,000 a y
-20 last night to repeal part of obamacare. a tax on medical devices from hip replacements to mri machines. >> this is about innovation about jobs. >> other taxes are in place, including a $100 billion tax on insurance premiums. that will cause the average person $100 a year. part of the financing for what the president sees as his signature policy achievement. >> after a historic vote, healthcare reform is not an unmet promise. law of the land. >> some of those who know the business next are skeptical. >> a great misconception about the obamacare is just because you have health insurance you will get adequate healthcare. nothing could be further from the truth. >> obamacare will pay less to providers and increase number of insured by 30 million. >> patients don't get the services rendered because the tok torsent to provide them at the below market cost. >> obamacare expand the demand for care. it doesn't do anything about supply. >> they agree on one thing, the success is whether the young and healthy people sign up for insurance in large numbers. >> the government has to enroll people to
my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [chanting] right to work has got to go. >> protesteres are lashing out again but the governor is not backing down at all. michigan's right-to-work laws set to kick in a week from today. republican governor rick snyder is here. governor, good to see you. i was mentioning during the break whether when you see yourself portrayed as satan or the devil. >> it's great to be with you. i feel it's part of democracy. it was hired to do a job by my customers, the citizens of the state of michigan, and i'm doing the right thing. it's about workers rights and it's about bringing more jobs to michigan. so i'm just going to do my job. >> neil: we were talking about the possibility of an errant judge overturns this and it's in l
dollars in unpaid taxes and employees skipped out. and help may be on the way. and house committee jason chaffetz, a member of that committee is here. >> thank you, greta. >> greta: what's on the way? we pay the salaries of the federal employees, but looks like a pass when it comes to taxes? >> look, if you don't pay your federal taxes, you should be fired. that's what the bill does. if you're trying to make whole on this and going through restitution, great, you're fine, but we have 107,000 current federal employees on the know, being paid by the taxpayers that have serious delinquent tax debt and we have to fire those people if they refuse to pay their taxes. >> greta: when you're talking about what kinds of numbers. 3.5 billion is the total. and your bill omits members of the military. >> military, we have a different situation, they deal with hardship, some of retirees. but you have 688 people working on capitol hill in the house and senate and you have 40 people working-- >> and now their names. >> we know how many, we know how many. because there's a tax lien there's public record
frantically looking to rejigger the tax. i stress, not eliminating the tax. maybe focus on the rich. take 20% of their dough. hard to say. this much is not. it is going to happen. because the government needs the dough. if they still want to get european union dough. it gets weird and complicated. desperate to stay in the euro club. does this ring a bell? it should. no one is taxing the bank holdings, thanks to obamacare, they are going after the other assets. 3.7% on investment sales larger than 100,000 grand. the next time you try to sell your house, trust me. you will hit the roof. think about that. tax not on your income, earned or unearned but your assets. what you have, what you own. your tangible assets. home here, bank account there. is there difference? no. no difference between american government taxing you for medical devices and what it deems as a medical insurance plan. taxing you not on what you make but what you have. the stuff you attain through life of work no, matter when you work or how much you made when you work. stuff you got now. to government, it sees that y
plus tax increases and have net spending increases and when he you have a trillion dollar deficit, we need to work on our spending and when the other side is offering even more spending increases and even more tax increases, more borrowing, we're still kind of worlds apart. >> greta: i went through the budget and it's very complicated, at least i think it's complicated. and i want to go to different provisions i understand. let me start with medicare. under your program it doesn't affect anyone over age 55. >> if you're born in 1958 or earlier, it doesn't affect you. meaning you stay in the current medicare program just as it's designed now. in addition we get rid of the obamacare independent payment advisor board. the board of 15 bureaucrats next year in charge of cutting medicare in ways that medicare will lead to denied access to current seniors so we don't think we should change medicare for current seniors, which is what obamacare does, we propose a new system for younger people that works like what we have in congress. >> greta: and as i understand it, there are two choices unde
romney has not paid taxes for ten years, he's got a record of this slander and these lies. >> happy wednesday, sean. look, this is a majority leader in the senate that's gotten caught lying many times and when the marine corps says that what he is saying is unsubstantiated, they're saying he's lying again. harry reid has made a habit of being dishonest on the floor of the senate and what he is trying to do is just cover the president's butt on sequester. the president himself started to cover his own butt by playing such silly games as shutting the white house tours down. this is just another version of that. remember, donald trump offered to pay for all those white house tours. >> sean: whoa, whoa, whoa. >> and the president didn't take him up on it. >> sean: and wait a minute, i offered to pay for a week after eric biology golling got start started. by the way, it's off the table, i pay enough in taxes. >> you and bill maher. >> sean: yeah, he's even sick of paying taxes and california democrats are losing him. gee, time to wake up, bill. but here is my point: these democrats get
hear how much the $338 million jackpot breaks down after they pay taxes. "fox & friends" starts now. >>steve: welcome back to the studio. look who's back after a long vacation. >>gretchen: i knew that rooster called this morning. >>brian: is that how you got up? >>gretchen: i didn't sleep that much. i'm on a three-hour time delay. but glad to be back. nice to come back to a snowstorm on the east coast. >>brian: did you get my promo this morning? >>gretchen: i saw your lips moving and if i was reading lips correctly, i thought i heard you say? >>brian: gretchen carlson will debut her entire vacation picture by picture day by day. >>gretchen: i believe 7:30 eastern time i brought one picture. i needed marlon perkins on vacation. that's the clue. >>steve: he's unavailable. >>gretchen: i was pulling a brian for a moment. he always refers he needs marlon perkins and then we have to tell him he's no longer with us. it has to do with an animal that was very dangerous. stay tuned. great to be back. in the meantime let's get to your headlines. a last-minute deal to bail out cyprus. in exchan
a plan for the new budget, including new taxes. how much you ask? reaction from one of the top republican leaders in the house on that dollar figure. martha: how about this? there is a report out there that a hacker is giving out confidential memos on the terror attack in benghazi. how could this have happened when lawmakers and the victims families still do not have any answers in terms of what they have been demanding? big questions this morning. john bolton on that. >> the security in benghazi was a struggle and remain ad struggle throughout my time there. the situation remained uncertain and the reports from some libyans indicated it was getting worse. diplomatic security remained weak. in april there was only one u.s. diplomatic security agent stationed there. ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ given way to sleeping. tossing and turning have where sleepless
henneberg live for us in washington. critics say the rollout will mean more taxes. republicans andhs and democrats voted to repeal the medical device tax. on everything from latex gloves to wheel chairs to dental instruments. but you insurance industry advocates warn that more taxes from the law are coming down the pike. >> the reform law you includes a new $100 billion tax on health insurance that starts next year. 2014 it will be $8 billion. that will mean an average individual is going to pay over $100 more on the the premium as a result of the alone. small businesses will pay over $350 for each family they provide coverage for are. >> reporter: but president obama contends that obama care is already saving seniors money on prescription drugs and allows young people to stay on family health plans until age 26 and is slowing the growth of healthcare costs. harris? >> harris: i know the president is also saying that there will be more health insurance options for americans later this year but that is also running into some trouble. >> reporter: yes, the obama care law creates insur
and meaningful steps to reduce tensions. >> taxing more, borrowing more, and spending more is not a path to prosperity. >> republican budget is same baby with a new diaper. >> the republicans are just totally bamboozled. >> we do not have an immediate debt crisis. >> we do have an immediate problem. >> they think they got landslided and they didn't. >> more than half of our members have never dealt with the issue of immigration reform. >>> we start today with all eyes on one of the most volatile regions of the world. as the president prepares to fly to israel just a few short hours from now. and while the president and prime minister netanyahu already have a congested agenda, ranging from the arab spring, to the israeli/palestinian conflict, there was yet another disturbing development today in syria when both the rebels and forces loyal to president assad accused each other of firing chemical weapons that syrian state tv has said killed at least 25 people in the north of the country. the white house sounded a skeptical note but warned against any further escalation of violence. >> on th
if is car theish oo you here is tax payer loans are contingent upon building cars at the former gm plant in the u.s. in delaware. that was supposed to create thousands of american jobs but so far has created none. potential chinese buyers balking at the idea to build here in the u.s. it is uncertain if the white house will change it for that reason asewn. fox business network, lauren simonetti, thank you. >>> are you looking to get ahead in your career? it may be as simple as setting a date and writing it down. kate upton could be a lot of men's dreamgirl. one teenager is hoping she is the dream date for the prom. did she say yes? ÷÷ music ... music ... music... >> 20 after the hour. the fda is scrapping the cigarette warnings. they are abandoning a legal battle to have cigarettes light up. they will replace those to include images of diseased lungs. overnight new york firefighters rescued a construction worker who was trapped in mud for hours. he was working in a 75 foot deep subway tunnel when he got suck in mud up to his waste. firefighters used an vel vacuum to help pull the man
obamacare tax, the medical device tax on everything from latex gloves to wheelchairs to dentsal instruments. but health insurance industry advocates warn more taxes from this law are coming down the pike. >> the reform law includes a new $100 billion tax in health insurance that starts next year. 2014 will be $8 billion. that's going to mean an average will pay $100 more on a premium as a result of this tax alone. small businesses will pay over $350 for each family they provide coverage for. >> president obama said in a statement today that obamacare is already saving seniors money on prescription drugs. and it's slowing the growth of health care costs. the president also said in a statement today that, quote, beginning in october, you'll be able to sign up for new private health care plans through a new health insurance marketplace where private plans will compete to save middle class families money. but because many states say these marketplaces, these exchanges are too unwieldy and expensive for them to set up on a local level, it false on the federal government to set them up. >> no mon
of this rescue are much different than the other ones. their bank deposits will be taxed. if you have over 100,000 euros in the bank 9.9 percent levy. less than, 6 and three quarters percent. many nervous people tapped out the atm. a lot of russians have money in cyprus. it is up for a parliamentary vote this afternoon. it can be changed and amended to penalize the smaller for less. the good news is markets in cyprus are closed today for holiday. futures are reacting very negative. >> that's scary the government. nabbing your money like that. people at the office notice younger people can be i am mature. >> appearance punkality and honesty all matter in the workplace. a survey of 400 human resources say a third of the highers aren't professional. 40 percent say they lack work ethic. 52 percent new hires have this heir of entitlement. might be they are more confident. they might have been coddleed by their parents. in this tight job market there's a lot of ways you can turn your passion into your job. many of the candidates might be saying i am too good for this job. >> they need the job to mak
for 1 trillion in tax increases over the next decade. elizabeth plan will break it down at the bottom of the hour. president obama wrapping up four day tour in the middle east. before leaving israel the president managed to broker a an apology from netanyahu to the british prime minister over commando raid turkish ship that killed 8. he admitted mistakes were made in 2010 as forces were nato embargo. >> can i tell you about this meteor? >> i love that i was up up all night tracking this. this was the meteor they were talking about if you live along the east coast. it's all anybody is talking about. video of reportedly a meteor over a home in maryland from north carolina all the way up to maine. hundreds of people reported official across the sky. claims to captured the security video too. nasa experts says the space rock was probably the size of a softball or volleyball. they are not sure what size ball it was. perhaps a basketball. it burned up in the atmosphere though. >> alisyn: thank goodness. thank you for monitoring that. please call me immediately if you see it heading towards
. his government has been blamed for a lot. the country has become a bit of a tax haven for rich russians. some banks, we are told now, will reopen on tuesday, but restrictions will be in place. there was real fear there will be a run on those banks when they do reopen and in fact, we have just learned that the two biggest and most troubled banks will not reopen tomorrow. we're told now they won't open again until thursday. what is the u.s. take away from all this, megyn? >> europe, the ally, and trading partner for the united states, certainly, is intact. that's a good thing. but according to experts, the credibility of the euro shall the credibility of the european union has been damaged by all of this back and forth for the past couple of days. as you noted, a very dangerous precedent has been set, that is dipping into private bank accounts to pay for the government, and maybe that's why we see the markets both here and in the states go down today. >> megyn: greg palkot, thank you. it's not often that the economy in cyprus makes global headlines, but experts say the latest and
happened in benghazi because hillary clinton's e-mail has been hacked. >> brian: it's taxes versus entitlements on capitol hill today. republicans and democrats present their budget plans. but which one is better for your wallet? if you like a light wallet, one might be better. if you want within filled with money, one might be better. >> steve: i want the george castanza wallet. tv anchors are supposed to be ready, aren't they? >> we have breaking news to report to you. fox 54 has just learned that a huntsville news anchor is being proposed on live -- right now. (scream). >> brian: that is great. >> steve: oh, man. meet the anchor who got the surprise of her life on live television. >> brian: that is awesome. >> steve: it is. "fox & friends" hour two for tuesday starts right now. that's why you got to be really careful. we're very trusting of the people behind the scenes who put things in the teleprompter. >> what's funny is it took her a second, you know, fox anchor is being proposed -- oh it came out and then she realized. that's what happens with breaking news. >> brian: you se
their taxes as well. we're talking about the thousands of government federal employees dodging the i.r.s. should they be fired? we've got an update on that this morning. >>brian: you think a woman's cheating husband would get the message. after she uses a billboard for revenge. but the best part is how she paid for it. look at that. "fox & friends" starts right gnaw. >>steve: welcome to march madness live here on the "fox & friends" set. >>alisyn: good to be with you all. >>steve: the president is out of the country, 50-hour sprint in israel. we have a situation where a lot of you are saying it is so cold here, i can't wait for vacation. we have a great segment in about 20 minutes. we have the founders and c.e.o. of 14 sandals, three beaches. wouldn't they like to see alisoe just as a token. we might have a beaches bureau. >>alisyn: let's do it. i volunteer. let's talk about the middle east. the president is making his first trip to israel since becoming president and there's a lot of tension, including this attack with rockets fired across the border. >>steve: indeed. somewhere in g
? >> this is a miss for new york governor andrew cuomo who wants to extend the temporary tax increase on high income earners in the state after promising to let it expire. for the second time extending that temporary tax increase. do you think voters would learn after a while they're being played here? apparently not. out in california governor jerry brown sold californians on a temporary tax increase for high income earners in his state. i guess the blue state liberals never learn. >> paul: bret? >> briefly a hit for pope francis off to a fantastic start and i think this is obviously true for catholics and even as a non-catholic you see a pope getting out and mingling with people and showing love and humility to the people assemblying by the hundreds of thousands in rome to see him. next week, he's going to go and wash the feet of inmates in a prison for young offenders and this is the right way it seems to me to conduct the papacy and wish him continued success. >> paul: thank you all. and remember, if you have your own hit or miss, send it to us at jer@foxnews.com and follow us on twitter: @jer o
responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to the economy. number two, invest in a jobs plan that will help put people back to work. whether building roads or bridges or infrastructure or other things important to our economy. >> why will it take until 2040 to balance the budget under your plan? >> well, if you actually look at the past 40 years, we've only had four balanced budgets. those were during the clinton years and once leaning over to the bush years and then they squandered that balance. so the reason we do that is our focus is on jobs, craig. our focus is on meeting our commitments to seniors. we will not balance the budget on the backs of our kids' education or on the backs of our commitments to seniors. whether it is under medicare or medicaid. what we do is immediately begin to reduce the deficit so they're growing much slower than the economy. which is th
the socialist bernie sanders from vermont who is independent. the cpc wants a 49% federal income tax rate on top earners. they want half. and they don't want many deductions for those folks. also the congressional progressive caucus wants even more government spending. 2.5 trillion more, on, quote, job creation. another 2.2 trillion on things like science, energy, the environment and education. also the cpc does not want to cut entitlements. and, wants to give unemployed americans 99 weeks of cash compensation. nearly two years. the question is what does president obama think of the congressional progressive caucus? my opinion, he likes it i don't think the president believes that crew is fanatical because they want what he wants. by the way, the far left kooks do want to cut one thing, defense spending. they want to bring that back down to 2006 level. somewhere in iran is cheering. there comes a point when americans are going to have to decide what country, what kind of country they want. even taking half of what affluent americans earn, feds couldn't possibly afford what the far left wants to
spent it all. >> jesse: only 30 million. >> clayton: and now talk about what the taxes look on all of this. can i play the opposite side. you win million, 25% of that lump tum gone to the federal government and 84 information gone to, 0 gone to the federal governme government. >> alisyn: and then new jersey has a high state tax as you can see, 10.8%, so 36 1/2 million will go to new jersey, i know you're thinking, can i move today to texas? and i know you shall the winner are listening and kudos for your ingenuity. yes, you might be able to move to a state with no state tax, but new jersey might still take it. >> jesse: and if chris christie has its way, going to get more of your dough because i think the 7.8 to 9.8, good luck. >> clayton: hallelujah. still taking home 216 million dollars. that's what he would get it end. >> jesse: what would you do with that kind of dough. >> alisyn: let's talk about that. >> clayton: i don't know. >> jesse: would you buy me a boat. >> clayton: i would buy you a boat first. i don't know helping starving children i would help jesse get a boat. >> j
earned money when the other side is offering even more spending increases and tax increases. more borrowing. we are worlds apart. >> democratic proposals do not balance the budget. the fbi is investigating how on earth a man was able to pose as a pilot and gain access airways flight in philadelphia. police say the man had on an air france uniform and also an i.d. then he ended up in the jump seat right behind the airlines captain. he was caught when he failed to show his real credentials. the airline says that no passengers were ever in danger. >> that was a bizarre story. >> um-huh. >> the lie breafer congress has added 25 new songs, including this 1960's hit. ♪ come on, baby, ♪ let's do the twist. ♪ come on, baby ♪ let's do the twist. >> they said it became the excitement and energy. dick clark chubby checkers to record a new version of the song. it is more than two dozen sounds of the 20th century being added to the national recording registry. they are forever being recorded for cultural importance. that's your five at five. >> great stuff. president obama just arrivin
much. bill: a related story in california we were watching yesterday. retroactive taxes that go back five years? how can you do that? martha: find incredibly creative ways to tap into people's wallets. bill: the governor of california has to make a decision. watch that on the desk of jerry brown. we're just getting rolling. there is a new battle over the health care law. some changes states are fighting to put in place. you can imagine the amount of confusion. we'll explain that to you. >> nice work if you get it. there is new government job out there one agency is creating. pays six figures a year. might check it out despite the punishing budge jubt cuts we're hearing about. bill: benghazi six months later. the six simple questions one lawmaker that the believes the administration is dodging. >> the fact we have four dead americans. was it a protest or guys out for a walk decided they would go kill some americans. what difference at this point does it make? usual breakfast sandwich. a lot more flavor. [ anouncer ] ihop's new griddle melts... made fresh and hot! hand crafted just for
. >> they call it the tax gap. >> engineering to get us back to earth as fast as they can. everybody, grab your strategic plans and get ready to beam down. >> shall i wear a ski cap to cover my ears, captain? >> nah, the ears are fine. >> the irs now says that video is not reflective of overall irs video efforts and they have put new standards in place. by the way, the other part of the $60,000 cost was a training video in the form of a "gilligan's island" spoof. >>> finally, the unexpected result of chris christie getting a visit from former nba star shaquille o'neal? from "new york" magazine, "chris christie has to find a way to make shaq his running mate while shaq is in no way qualified to run the country, he is, however, an extremely large person. all christie has to do is stand next to him on the campaign trail at all times and his size problem will disappear." shaquille o'neal was meeting with christie to get involved with the state's gun buy-back program. >>> up next, how far out of step is today's republican party with the rest of the country? we've got some new poll data that suggests
. but these guys are taxed in local places they would love to get a break to bring it back here. they are worried about it having it here under this environment. there is an amazing opportunity being lost. >> neil: think about if you are looking at the economy turning around and betting on a turnaround you would use that money and invest in equipment, new shops. what a lot of these companies tend to do is boost their dividend, buy back stock, take out a competitor but they don't expand? >> one of the problems with apple it's got a problem because it's too successful. you want to be careful that you don't do something with it. apple can't sell more iphones by spending more money. it needs to avoid making acquisitions, cisco bought the flip camera business and it was a disaster because the company was under pressure to spend the money. the fact of sitting on the money is how well they are doing. >> i would say this is a big debate in corporate america. imelt addressed it in a world that you have to worry about terrorism you need to keep a lot of cash on hand. >> neil: sit good or bad sign to you? >
to tax private bank accounts up to 10%. and now citizens in cyprus are in panic mode rushing to a.t.m.'s. there's a run on banks there as people try to clean out their savings before the tax hits them. >>ainsley: this is to help bail out the cash-strapped country. something like this, could it happen in america? we're asking our guest stuart varney. good morning. >> theoretically, yes, it could happen here. if congress passes a law which taxes wealth -- that is a bank deposit -- yes, it could happen here. in practice, it will not happen here. >>ainsley: it will be a riot. >> plus america can print its own money. you can print dollars to get out of trouble if you're in extreme situations. cyprus uses the euro, somebody else's currency. >>brian: the problem is this is the deal they cut in order to survive. the e.u. gave them this money and said this is some of the austerity things you must do. >> cyprus is bankrupt. it needed an extra $13 billion to keep going. the europeans said we'll give you the money, but you've got to give some of it back from the deposits of everybody in the c
account as a tax. tonight, the plan in one country to do just that and the shock felt around the world. plus, campus shooting plot foiled. tonight, guns, bombs and suicide at one of the biggest universities in america. late night panic and fear on campus. >> the cops had guns and were telling everyone to run. >> shepard: now the suspect is dead. why did he have all the weapons and explosives? tonight, investigators dig into the deadly dorm room drama. and a couple of dare devils do a skyscraper fly by. with nothing more than a pair of wings but first from fox this monday night, police are now saying this could have been a disaster. hundreds of students had the one of the largest universities in our nation evacuated after report of a man with a gun on campus. but there was so much more. when police entered the suspect's dorm room, they found him dead with a pistol and an assault rifle. and a bagful of homemade bombs. and investigators say it now appears to them the suspect was planning some kind of attack. it happened a little after midnight in dorm tower 1 at the university of central
. especially the weight of tax increases. >> it's negative for economic growth overtime. global economy, we compete, with many other nations. part of the competition is taxes. >> conservative critics argue big government fools itself to thinking taxing and spend willing make the economy grow. >> it assumes you take money from the economy right pocket and put in the left pocket and manualicly you more money. >> administration defenders, though, look at it differently. >> under normal circumstances, you don't want the government intervening. in the circumstances where we have the weak demand this is a good time for the government to step in. >> even though who want to spend less would increase spending at lower rate. >> bret: house lawmakers vote down budget proposals as an alternative to g.o.p. plan put forward by paul ryan. senators approved a stop gap spending plan. continuing resolution to keep the government funded after the end of the month. senate has, now it heads to the house. amendment to force the president to reinstate white house tours fail today. mixed messages from you in the l
to tax people's savings accounts. some experts call cyprus the kay men islands of the mediterranean. lax oversight. reportedly the place to bank for the russian mob. it looks like the u.s. government will not shut down, at least not for now. but lawmakers may be setting themselves up for a new self-inflicted crisis down the road. it's good enough for honey boo boo. now another state could soon make it legal to eat road kill. what state you may be asking? that's coming up as we approach the bottom of the hour and the top of the news as fox reports live tonight. road kill. life brings obstacles. usaa brings retirement advice. love your passat! um. listen, gary. i bought the last one. nice try. says right here you can get one for $199 a month. you can't believe the lame-stream media, gary. they're all gone. maybe i'll get one. [ male announcer ] now everyone's going to want one. you can't have the same car as me, gary! i'm gettin' one. nope! [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a passat. that's the power of german engineering. right now lea
patty murray's plan to raise taxes, increase spending and never come to balance. top republicans say it doesn't add up. >> that means more debt. fewer jobs. frankly much higher taxes from the american people. we certainly hope that the president will change his mind and submit a plan that actually balances the budget. >> the senate plans to vote on the dueling plans and a whole series of amendments tomorrow. democrats say they favor a balanceed approach and republicans say they back a budget. >> bret: mike emanuel live on the hill. dow lost 90. s&p 500 dropped 13. the nasdaq fell 32. cyprus is officially on the clock. european bankers have given cyprus four days to come up with a new plan to avoid bankruptcy. senior foreign affairs greg palkot tells us what the hurry is. >> anger outside of the cyprus parliament. bank employees are worried they will lose their job. the both would take measure to consolidate the troubled cypriot financial failure to protect the smaller deposito depositors, said to be part of plan "b" to contribute to multibillion dollar bail out by the country. >> the
in the bank will be taxed on them. under $130,000 it's a 6.75%, over $130,000 a 9% tax. and of course this is going to hit ordinary depositors, moms and pops, poor businesses, anybody who's got a bank account in cyprus is going to have to pay this tax. and it changes a fundamental principle of all bailouts so far. it is hitting the small people, the private investor, the private depositor. >> look at the other countries that have been bailed out. greece as a prime example where wages and retirement was slashed by more than these people are going to pay, which is a -- >> no, no, no. no, michael, it's not -- in cyprus case it's not an either or all, it's going to be a both. not only are they going to face this tax to help make up a shortfall, they're also going to have spending cuts and the government cutbacks, they're also going to have the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as bailing out r
. granting huge tax breaks, that has to be made up somewhere. the ryan budget repeals the affordable care act except they keep the projected savings in their budget projections. the $716 billion that we heard so much about in the election last year, paul ryan keeps the savings that obamacare would generate, but eliminates the benefits. the revenues that come from some of the taxes on medical devices and other things, they keep the revenue that comes from the affordable care act, but they want to cut the benefits. so thouis is really about an ideology. the wealthiest americans have essentially captured the republican caucus. and what we see in the ryan budgity or in anything that has to do with the affordable care act, anything that has to do with the smart investments that we know we need to get the economy growing again, those are off the table. big tax cuts for the wealthiest americans that has to be made up by somebody and we know who that somebody is. >> thank you for coming in. there is no huge surprise that the ryan budget overwhelmingly passed in the house or that it failed in in the s
. but the size of the payout is now very clear. what is also clear is how much that winner will pay in taxes with the higher rates for the rich. here's abc's rob nelson tonight. >> 31. >> reporter: one numbers game now leads to another. the lucky soul who bought the winning ticket in new jersey beat the extraordinary odds of 175 million to 1. the winner can either take a lump sum payment of $211 million. or take the full $338 million over the next three decades. most winners, of course, go for the instant gratification. and this year it comes with a heftier tax bill. in fact. >> $11 million more to uncle sam, this year compared to last year. all thanks to this year's tax hike. the winner's name and hometown could be released as early as tomorrow. >> and i was thinking, is that the right numbers? is that the right numbers? and i was shaking. >> reporter: mark and cindy hill are now using their $136 million in winnings from last year to build a new ball field and firestation in their missouri hometown. others dream of things slightly more self-indulgent. >> a beach house. >> a mansion down in
exit from the euro. the rescue package scraps a controversial plan to put a tax on private bank deposits. but a top european official says europe may need help paying the bills. >> the euro area member-states are committed to assist cyprus in its adjustment process and have reaffirmed that the size of the financial assistance will amount to 10 billion euro. we would obviously welcome a contribution by the imf. heather: so, question is, who wins, who loses in this deal? stuart varney is the host of "varney & company" on the fox business network and he is here to answer that question for us. so who wins, who loses? >> heather, let's start with the oozers. the russian mob, number one. losers big-time. they will confiscate 30% or more of those depositers and money in the bank if they have got more than 100,000 euros. a lot of those people are russian. they will lose big-time. secondly, the cypriot people, they lose. the island is already in chaos and they face an economic depression. there are some forecasts that cyprus will lose 20% of its economy. that is a depression. so those tw
2011, it's being talked about heavily to get this, uma, to tax bank deposits in italy. so we had that bank deposit tax rejected in cyprus, these other measures are still in flux right now to save the banking system in cyprus. the situation is pretty dire right now. we're waiting for the deadline to pass on monday, see what happens there, uma, i'm going to give it back to you. uma: it's definitely scary, and the stakes remain quite high. thank you sop for that update. jon: a woman who is seen on surveillance video is then found dead just hours later. now police help the public will help them find her killer. the latest on this murder investigation. >>> and sweeping renovations could be coming to guantanamo bay to the tune of $49 million. a look at what the pentagon is proposing for the detention camp there and what it means for taxpayers, that includes you. it's coming up in a live report. hey. they're coming. yeah. british. later. sorry. ok...four words... scarecrow in the wind... a baboon... monkey? hot stew saturday!? ronny: hey jimmy, how happy are folks who save hundreds of d
nuts. >>> the irs. yes, the internal revenue service, is behind this "star trek" movie starring tax collectors and it's getting backlash. first, we start with developing news at this hour. secretary of state john kerry made a surprise visit to baghdad earlier today where he spoke to prime minister nuri al maliki. secretary kerry is now in amman, jordan, and so is chief foreign affairs correspondents andrea mitchell, traveling with the secretary of state. she joins us by phone now. andrea, what did secretary kerry accomplish with this trip to baghdad? >> reporter: well, it was a very tough trip and a tough message, because we went to baghdad, a quick visit. surprise, under tight security and secrecy, for obvious reasons, because ten years ar the war, there still are terror attacks. last week, when dozens were killed in baghdad. he was in a secure place in the embassy and then visiting prime minister maliki and the speaker of the parliament in iraq in their residences, but his message to mallski that the maliki government is permits iran to send weapons and fighters, overflight, loade
signs solo power managed to secure a $20 million tax credit from the state of oregon in september which sold for $13.5 million in cash. in all the state and local investment in solo power is $58 million. oregon officials say it is working saying the companies that received tax credits created 1300 direct jobs and 3,000 indirect jobs in the past six years. critics say the company can't compete with china's cheap costs without tax payer money. it should be going to important things like schools. they haven't met the bench marks required to draw on the $197 million federal loan guarantee. but it wouldn't say what the bench marks are or if the feds will lower the bar in order to help the company survive. >> diane macedo fox news. >>> still ahead, it is an american tradition as old as our country. why is one military institute being forced to cancel the 4th of july. >> there's a new one a much different trend taking place in hollywood. attacking the white house. we will have the details about that straight ahead in the fox light. >> let's check in with bray an kilmeade to see what's going on
in our currency. as part of the deal, this is the key. the local government raising taxes and puttings levies on some bank deposits. greg palkot is live outside parliament in the capitol of cyprus with more. greg? >> reporter: hey, jenna, the folks in cyprus right now are breathing a sigh of relief. they have avoided going under but at a cost. the deal struck with the european union was a tough one. probably why we saw protests here every day we've been here. one big bank will be shut down of the that will cost jobs. money from accounts of big uninsured depositers will be seized to the tune of 30% or more. small depositers will be spared but the little guys will suffer another way. the economy here is set to slow down. here is what we felt out on the streets of nicosia hire today. you might get some cash out of atm. in cyprus and there might be a bailout in place but in fact it is a holiday in this country. we talked to the folks here and their mood is definitelily not sunny. old money. you think that is better than the new money, the euros because of what happened? >> yes. because, be
escalation. number two, stocks closed lower on news of a plan plan to tax the bank account of the tiny nation of cyprus to help bail out the country infantry from financial crisis. number one, cops found a student dead with pistol and assault rifle and homemade explosives in his dorm at the university of florida in south orlando. that's "the fox report's" top five. on this day in 1963, the u.s. supreme court issued a land mark ruling that states have to provide a lawyer to a criminal defendant who can't afford one. it began with the 1961 arrest in florida of clarence earle gideon for breaking into a pool hall and stealing money from vending machines. he couldn't afford a trial attorney. that could hope happen in death penalty cases and wound up sentencing gideon five years in prison. he appealed claiming the conviction violated his constitutional rights. the supreme court upheld the claim and in a re-trial with a defense lawyer, gideon walked free thanks to historic decision 50 years ago today. and now you know the news for this monday, march the 18th, 2013. i'm shepard smith. i will see you
equality, abortion rights, gun safety. and he's still talking, actually pushing big tax cuts for the rich and cuts in medicare and medicaid that affect the middle class and poor. what a strange thing it is to hear reince priebus talking about building bridges when he was the one with his hands on the detonator? former pennsylvania governor ed rendell is with us as well as managing editor of the "grio," joy reid. governor rendell, i read what you had to say about this. i'm just wondering, why would a political party believe a new pr strategy would cover up for its policies? >> it makes no sense at all. first of all, their policies are bankrupt. they're the exact same, and they haven't changed their policies a bit, chris. you see republican state legislators pushing virulent antiabortion bills that are clearly unconstitutional, clearly punitive to women. no exceptions for incest and rape. things that voters rejected the last time dramatically. they're still -- they don't get it about income inequality in this country. they're still pushing for budgets that give huge tax breaks to the rich a
to be. >> entitlement -- do you know why jesus was killed by the romans? it was about taxes. >> do you read the fox news version of the bible? ♪ >> we begin with the president in israel and historic trip marking the first time he's visited that country as president of the united states. touching down on the bright skies in tel aviv this morning the president was greet with a red carpet and all the ceremonial trappings of a state visit. joking with israeli prime minister benjamin netanyahu that it was good to get away from congress the president reaffirmed what he called the unbreakable bond between the two nations. a sentiment that was roundly reciprocated. >> the people of islam welcome you with open heart. we deeply appreciate your friendship and we share your hope that the middle east will enjoy a future freedom, prosperity, and peace. >> i'm confident in declaring that our alliance is eternal. it is forever. >> and while relations between the president and prime minister have been described as tense, to say the least, on this trip the two appeared down right chummy. at this after
, but outright theft was being discussed, but the cypriot government tried to introduce a new tax. though it was soundly rejected by the parliament, this didn't stop one particular television network from implying it might someday be proposed here in the united states. this nonsensical nothing was then followed by the asking of a question that appeared to come out of the nowhere. >> a research in killing jesus, do you know why jesus was killed? by the romans? >> that question has been considered by some of the finest theological minds in history. and it will be expounded from pull pits around the nation as we approach easter sunday. but all of them have clearly missed the point, according to mr. o'reilly. >> you don't know and shouldn't know, because it was about taxes. >> you don't know and you shouldn't know, because it was about taxes. now, as anyone with a modicum of biblical history will tell you, the death of christ was an act of substitutionary atonement. he neither lived nor died for taxes. in fact he simply said one should discharge one's responsibility to the state by rendering
to prepare, print, e-file and you can even chat with a tax expert. get the federal free edition at turbotax.com. start with the best. use only natural ingredients. make something original. genuine. real. so peel it open. stir it up. and raise a cup to the real. with google now, it automatically knows when you need to leave for the airport, how much traffic there is, and has your boarding pass ready. the droid razr maxx hd by motorola. droid-smart. droid-powerful. lift your spirits. lift your expectations. introducing the lifter foundation from maybelline new york. our first lifting foundation with smoothing primer actually swirled inside. beyond covering, helps restore smoothness, tone, so skin springs back to life! lost elasticity? lift it. lines? uneven skin? lift them. for younger-looking skin, instantly. maybelline's the lifter foundation with smoothing primer inside. bring it on. maybe it's maybelline. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever
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